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Are the debts his personally..
Or are the debts in a company name?
Has he provided personal guarantees for his companies debts?
A company goes into "liquidation" not a person... for a person.. the correct terminology would be to "go bankrupt"... and there also other alternatives to Bankruptcy as well that might apply...
The bot***** *****ne, is you are correct to be concerned.
The equity or proceeds from the sale of your home could be used to pay his personal debts.
You need to get the facts regarding whether these debts are his personally.... as soon as possible!!
The irony of the law in this situation, is that whilst you are together... his creditors cannot go after marital assets (like the home), but if you separate... then he has a legal right to a property settlement... and he or they can take legal action to enforce this property settlement to occur to be paid...
Does that make sense? I have made an offer of additional service for a phone call to discuss the situation in more detail.
Kind regards, James